[ BUSINESS BRIEFS ]

Staff writer, with agencies

According to TIGF, Mercuries Life Insurance Co (三商美邦人壽), Chinatrust Life Insurance Co (中信人壽), Taiwan Life Insurance Co (台灣人壽) and Transglobe Life Insurance Inc (全球人壽) are expected to bid for 49-year-old Kuo Hua at an auction to be held tomorrow.

Taiwan witnesses FDI growth

The central bank said Taiwan performed better in terms of foreign direct investment (FDI) among developing economies in Asia in the first half of this year.

Citing a report by the UN Conference on Trade and Development (UNCTAD), the bank said Taiwan’s FDI inflows rose to US$1.8 billion in the first half, from an outflow of US$1.4 billion over the same period last year. Taiwan’s recovery in FDI inflows compares with an 11 percent decline in FDI inflows posted by developing Asian economies and a 4.8 percent fall by developing countries worldwide.